At a Glance
- Tasks: Manage new and renewal business, assess risks, negotiate terms, and build broker relationships.
- Company: Join a leading specialty insurer with a top-notch Professional Indemnity team.
- Benefits: Competitive salary, professional development, and exposure to diverse PI segments.
- Other info: Opportunity for career growth and involvement in innovative market changes.
- Why this job: Make an impact in a dynamic environment while developing your market profile.
- Qualifications: Experience in underwriting and strong relationship-building skills.
The predicted salary is between 58540 - 71548 £ per year.
Avencia are partnered with a leading specialty insurer who are looking to recruit a Professional Indemnity Underwriter to join one of the market's most established and highly regarded PI teams.
This is an amazing opportunity to join a predominantly lead portfolio with an exceptional track record of profitability.
The team manages a broad international book across traditional professions, financial institutions, miscellaneous PI and selected construction business, supported by extensive historical data and a disciplined approach to risk selection.
The role
You will manage both new and renewal business across the PI portfolio, with responsibility for assessing risks, negotiating terms and developing strong broker relationships.
The team operates a broad, non-siloed model, allowing underwriters to gain exposure across multiple PI segments rather than being restricted to one profession or type of business.
New business development will be an important part of the role, so you will be encouraged to build your market profile and develop your own broker relationships.
You will also contribute to the continued evolution of the portfolio, using high-quality underwriting data and market insight to identify opportunities and respond to changes in regulation, technology and emerging exposures.
Key responsibilities
- Underwriting new and renewal PI business across a broad internati...
Professional Indemnity Underwriter in London employer: Avencia Consulting
Join a dynamic and innovative global insurance business that prioritises employee development and engagement. With a strong focus on collaboration and continuous improvement, our work culture fosters creativity and problem-solving, offering ample opportunities for professional growth in the HR technology space. Located in a vibrant area, we provide a supportive environment where your contributions directly enhance the employee experience and drive impactful technology initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Professional Indemnity Underwriter in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Avencia Consulting). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Avencia Consulting. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Professional Indemnity Underwriter in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Avencia Consulting.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Avencia Consulting. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Avencia Consulting
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Avencia Consulting to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Avencia Consulting, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Avencia Consulting's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
